Starfish Family Services Inc

Analysis

Starfish Family Services Inc is a registered charity in United States, based in Inkster, MI. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Starfish Family Services Inc reported income of $47.7m and spending of $48.7m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $44.6m to $47.7m (+6.8%), an average of +1.7% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Starfish Family Services Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include The Mennonite Home ($47.6m), Foodshare Inc ($47.7m) and Memphis Goodwill Inc ($47.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $1.0m (2.1% of expenses). Other salaries and wages came to $23.7m. At year end it held assets of $23.7m against liabilities of $12.2m, net assets of $11.5m. It reported 594 employees.